Horizon North Logistics Inc. Announces Record Results for the Quarter Ended September 30, 2013

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[{"type":"text","content":"\n\n\nCALGARY, Oct. 29, 2013 /CNW/ - TSX Symbol: HNL\n\n\nHorizon North Logistics Inc. (\"Horizon\" or the \"Corporation\") reported\n its financial and operating results for the three and nine months ended\n September 30, 2013 and 2012.\n\n\nThird Quarter Highlights\n\n\n\nRecord quarterly revenues and EBITDAS were driven by Horizon's\n integrated business model;\n\n\nImproved balance sheet strength, exiting the quarter with a debt to\n trailing EBITDAS ratio of 0.46:1;\n\n\nOwned access mat fleet grew by 4,965 mats or 34% as compared to the same\n period of 2012, closing the quarter with 19,630 mats.\n\n\n\nThird Quarter Financial Summary\n\n\n\n\n \n\n\n \n\n\n \n\n\n\n\n \n\n\nThree months ended September 30\n\n\nNine months ended September 30\n\n\n\n\n(000's except per share amounts)\n\n\n            2013\n\n\n            2012\n\n\n% Change\n\n\n            2013\n\n\n            2012\n\n\n% Change\n\n\n\n\nRevenue\n\n\n$\n\n\n 157,361\n\n\n$\n\n\n 119,910\n\n\n31%\n\n\n$\n\n\n 445,746\n\n\n$\n\n\n 388,058\n\n\n15%\n\n\n\n\nEBITDAS(1)\n\n\n \n\n\n41,306\n\n\n \n\n\n34,080\n\n\n21%\n\n\n \n\n\n110,647\n\n\n \n\n\n108,988\n\n\n2%\n\n\n\n\nEBITDAS as a % of revenue\n\n\n \n\n\n26%\n\n\n \n\n\n28%\n\n\n \n\n\n \n\n\n25%\n\n\n \n\n\n28%\n\n\n \n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nOperating earnings(1)\n\n\n \n\n\n27,423\n\n\n \n\n\n23,232\n\n\n18%\n\n\n \n\n\n64,898\n\n\n \n\n\n79,368\n\n\n(18%)\n\n\n\n\nTotal comprehensive income\n\n\n \n\n\n18,643\n\n\n \n\n\n16,328\n\n\n14%\n\n\n \n\n\n45,013\n\n\n \n\n\n56,974\n\n\n(21%)\n\n\n\n\nEarnings per share - basic\n\n\n\n $\n\n\n 0.17\n\n\n$\n\n\n 0.15\n\n\n\n13%\n\n\n\n$\n\n\n 0.41\n\n\n$\n\n\n 0.53\n\n\n\n(21%)\n\n\n\n\n\n                            &...

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